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newitijobs6 · 4 years ago

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Freshers ITI Jobs Vacancy

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jobustad · 3 years ago

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Allied Bank ABL Teller Jobs 2021 Apply Online Latest Advertisement

Jobs Description Allied Bank ABL Teller Jobs 2021 has been announced through the advertisement and applications from the suitable persons are invited through online registration. In these Latest Jobs in Allied Bank the eligible Male/Female candidates from across the country can apply through the procedure defined by the organization at http://www.abl.com and can get these Jobs in Pakistan 2021…

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seedfinance · 3 years ago

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Common Financial Mistakes College Students Make Early On

Select’s editorial team works independently to review financial products and write articles that we believe will be useful to our readers. We can receive a commission when you click on links for products from our affiliate partners.

For many people, the first taste of managing their own money comes when they start college, especially when they live on campus away from family. College students will make many of their own decisions when it comes to how they make and spend their money.

And while many students are likely still figuring out how to personalize their personal finances, those who never received formal financial education might be prone to making some short-sighted decisions that have dire consequences in the long run.

Below, Select covers some common financial mistakes college students make, along with some suggestions on how to avoid them.

Student Loan Abuse

The average borrower between the ages of 25 and 34 has $ 33,817.56 in student loan debt. That number is just below the average student loan balance for borrowers of all ages, which is $ 39,351. Most student loans are government student loans, but private loan options are also available to help students bridge the gap between what is offered to them by the government and what is needed to cover the remaining costs of the college.

However, sometimes students are entitled to more funds than they actually need for the school year. In fact, a 2013 US News post discussed the experiences of young adults receiving more money than they needed and using school loans to fund lavish lifestyles while attending college. In short, they ended up with debts that seemed impossible to repay.

It can be tempting to use the excess money on non-educational purchases, but students should avoid seeing additional loan as a source of income. The money has to be paid back and there is interest on every dollar you borrow.

Over time, the interest costs add up, so you end up with significantly more debt than you originally borrowed. Make sure you only accept the amount of loan you need to cover essential education-related costs such as tuition, dormitory costs, and textbooks.

Not paying attention to the repayment terms of your student loans

When accepting any type of loan, it is always important to understand the repayment terms. Personal loans, for example, have a fixed term of usually up to seven years. But before you graduate and graduate, it’s important to make sure of how much money you owe, when your first payment is due, how much interest you will be billed, and what your monthly payment will be.

If you don’t know this information, your repayment period could start without you realizing and you could accidentally miss a payment. This could lower your credit score and if you regularly miss out on payments – even accidentally – you could default on your credit.

When taking out a government student loan, once you graduate, you typically have a six-month grace period before your first payment is due. There are also a few different repayment plans that you can qualify for as a federal student loan borrower.

For example, the earnings-based repayment plan is based on how much you make each month, and if your income is low enough for a month, you might not have to make any payment at that point. This plan is designed to help ease the pressure on people who find themselves in a financially difficult situation.

However, if you have taken out private student loans, you will need to discuss repayment terms with the lender as many of the federal loan rules do not apply to you.

Piling up credit card debt

According to a recent TransUnion report, Americans have, on average, less credit card debt in 2021 than in 2020. However, Generation Z’ers (many of whom are college-aged) were the only generation to see a slight increase in their credit card debt during the year 2021. Your average balance increased slightly from $ 1,522 to $ 1,616.

Credit cards can be a valuable financial tool for improving your creditworthiness or providing flexible payment options. In addition, many cards offer valuable rewards, such as the Chase Sapphire Preferred® Card, which currently offers 100,000 bonus points when you spend $ 4,000 within the first three months of opening (equivalent to $ 1,250 for travel when redeemed through Chase Ultimate Rewards) .

However, many people – whether adults or students – make credit card purchases without a plan for how to balance their balance. In fact, a 2019 survey found that only 51% of students plan to withdraw their credit card balance in full.

Chase Sapphire Preferred® card

reward

$ 50 Ultimate Rewards hotel credit per year, 5x points on trips purchased through Chase Ultimate Rewards®, 3x points on food, 2x points on all other travel purchases, 5x points on Lyft trips through March 2022, and 1x point on all others purchases

Welcome bonus

Earn 100,000 Bonus Points after spending $ 4,000 on purchases in the first 3 months after opening your account

annual fee

Introduction of APR

Regular annual interest

15.99% to 22.99% variable for purchases and credit transfers

Transfer fee for the credit

Either $ 5 or 5% of the amount of each transfer, whichever is greater

Foreign transaction fee

Credit needed

If you keep a balance, you accrue interest, which means that you have to pay back an even larger balance. And the higher your balance, the longer it can take to pay off your credit card.

Additionally, paying your balance in full has some advantages, such as: B. Improving your credit rating. One strategy for paying off credit card debt faster is to use a credit card with an introductory period of 0% APR or an interest-free offer for account transfer – like the US Bank Visa® Platinum Card, which allows you to transfer your balance and is interest-free can make payments for 20 months (after that 14.49% – 24.49% variable).

US Bank Visa® Platinum Card

On the safe side of the US bank

reward

Welcome bonus

annual fee

Introduction of APR

0% for the first 20 billing cycles for credit transfers and purchases

Regular annual interest

Transfer fee for the credit

Either 3% of the amount of each transfer or a minimum of $ 5, whichever is greater

Foreign transaction fee

Credit needed

Finally, consider using a student credit card as it usually offers time periods when you can make purchases and pay off your balance without interest, and the interest rate is usually lower than that of non-student credit cards. Also, when you have little to no credit history, some cards are easier to get approved.

The Discover it® Student Cash Back, for example, charges 0% interest for the first six months (after that 12.99% – 21.99% variable interest rate), has no annual fee and allows you to register quarterly to receive 5% when switching Earn cashback categories (such as Amazon.com, gas stations or restaurants) up to a maximum of 1,500 USD per quarter (then 1%). All other purchases automatically earn an unlimited 1% cashback.

In this way, students can even be rewarded for spending money on things they need and potentially saving on interest.

Discover it® Student Cash Back

On the Discover secure website

reward

Earn 5% cashback every quarter on everyday purchases in various locations like Amazon.com, grocery stores, restaurants, gas stations and when you pay with PayPal, up to the quarterly maximum on activation. Plus, earn unlimited 1% cashback on all other purchases – automatically.

Welcome bonus

Discover will double all of the cashback you earned at the end of your first year

annual fee

Introduction of APR

0% for 6 months on purchases

Regular annual interest

Transfer fee for the credit

3% fee for transferring the initial balance, up to 5% fee for future transfers of the balance (see terms and conditions) *

Foreign transaction fee

Credit needed

Thinking that they don’t have to learn how to manage money until after college

As a student, it’s easy to believe that you don’t have to learn how to handle money if you don’t even have a lot of money. However, it’s always better to start somewhere than not to start at all – and students can definitely start managing any amount they have.

Students with a job, be it part-time on campus or a paid internship, can learn how to manage money by putting a portion of each paycheck into a high-yielding savings account or even investing in an index fund. Ally Online Savings Account and Marcus by Goldman Sachs High Yield Online Savings both offer above-average APYs, so account holders can also earn interest on their balances while increasing their savings a little faster.

Ally Bank online savings account

Annual Percentage Yield (APY)

Minimum balance

monthly fee

No monthly maintenance fee

Maximum transactions

Up to 6 free withdrawals or transfers per billing cycle * The withdrawal limit of 6 / billing cycle is set during the coronavirus outbreak in accordance with Regulation D. canceled

Excessive transaction fee

Overdraft fees

Offer a current account?

Offer an ATM card?

Yes, if you have an Ally checking account

Marcus by Goldman Sachs High Yield Online Savings

Information about the Marcus by Goldman Sachs High Yield Online Savings has been independently collected by CNBC and has not been verified or provided by the bank prior to publication. Goldman Sachs Bank USA is a member of the FDIC.

Annual Percentage Yield (APY)

Minimum balance

None to open; $ 1 to earn interest

monthly fee

Maximum transactions

Up to 6 free withdrawals or transfers per billing cycle * The withdrawal limit of 6 / billing cycle is set during the coronavirus outbreak in accordance with Regulation D. canceled

Excessive transaction fee

Overdraft fees

Offer a current account?

Offer an ATM card?

And anyone with some money can get in the habit of tracking their spending so they know exactly where they are spending the most and where the least. If you do this early on, you can lay the foundations for conscious spending in later adulthood.

Bottom line

It is important to start building healthy financial habits as early as possible, and for many people, this could mean practicing money management while they are still in college. It’s easy to think that because you’re in college and not making enough of your own money yet, you don’t have to worry about personal finances.

Even so, student loans, credit cards, and the ability to save income from campus jobs or internships still force students to make many financial decisions. And while this may seem overwhelming, it is better to build small, healthy habits than to ignore money management altogether.

Note to editors: Opinions, analysis, reviews or recommendations expressed in this article are solely those of the Select editors and have not been reviewed, approved or otherwise endorsed by third parties.

source https://seedfinance.net/2021/09/03/common-financial-mistakes-college-students-make-early-on/

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educationinstitutions · 3 years ago

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Data Science Courses, Eligibility, Syllabus, Fees, Admissions, Jobs 2021

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bharathshan · 4 years ago

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Data Science Course in 2021

Detailed mentoring sessions with mentors will allow you to get clarity and set your professional goals. NDTV introduced a report that said the requirement of recent data scientists available in the market. As per Glassdoor, a median salary of a data science skilled ranges from 5 to one hundred lakhs per annum.

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Also please refer to: https://zenwriting.net/priyankaravilla/how-data-science-can-play-an-important-role-in-games-and-augmented-reality

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ExcelR- Data Science, Data Analytics, Business Analytics Course Training Andheri Address: 301, Third Floor, Shree Padmini Building, Sanpada, Society, Teli Galli Cross Rd, above Star Health and Allied Insurance, Andheri East, Mumbai, Maharashtra 400069 Phone: 091082 38354 Hours: Sunday - Saturday 7 AM - 10 PM

Data Science Course.

#data analytics #data analysis #Data Science Course

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jobsheadlines · 4 years ago

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jobssheet · 3 years ago

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filectory · 3 years ago

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jobustad · 3 years ago

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Allied Bank Jobs 2021 - ABL Jobs 2021 Advertisement Apply Online

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nathanielburgos · 4 years ago

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Health and Care Visa (Application Guide)

The Health and Care visa was designed to encourage healthcare professionals from around the world to come to work in the UK health sector.

For applicants, the benefits of the new Health and Care visa include fast-track entry to the UK, together with reduced visa fees and exemption from the Immigration Health Surcharge. It also includes the support of a dedicated team within UKVI in processing visa applications for migrants’ and their dependent families.

The visa opened to applications from 4 August 2020, and forms part of the UK’s new immigration rules outlined to be effective from 1 January 2021.

Below we look at the key requirements for this visa route, including eligibility criteria and the application process, costs and lead-times.

Who is eligible for the Health and Care visa?

From 4 August 2020, qualified doctors, nurses and allied health professionals who have been trained to a recognised standard will be able to apply for the Health and Care visa.

It is open to individuals applying under the skilled worker Tier 2 (General) route for entry clearance or leave to remain who and will be taking up a job offer in one of the occupations specified within a prescribed list of Standard Occupational Classification (SOC) codes.

The list of professions will be updated in line with the launch of the new skilled worker route later this year. However, the full list of professions that reflect the current skills threshold for the new Health and Care visa is as follows:

SOC code Eligible job roles 2112 Biological scientists and biochemists – all jobs PhD role 2113 Physical Scientists – shortage for roles in construction/oil and gas Not Shortage requires RLMT but PhD Role Medical physicist . Sponsors do not need to appoint a suitable settled worker when carrying out the RLMT for PhD-level occupations, if a migrant applicant is better qualified for the post. 2211 Medical Practitioners 2212 Psychologists 2213 Pharmacists 2214 Ophthalmic Opticians 2215 Dental practitioners 2217 Medical Radiographers 2218 Podiatrists 2219 Health Professionals not elsewhere classified 2221 Physiotherapists 2222 Occupational Therapists 2223 Speech and Language Therapists 2229 Therapy professionals not elsewhere classified 2231 Nurses – all jobs though requires RLMT 2232 Midwives 2442 Social Workers 3213 Paramedics

Notably, care workers are eligible under this visa.

Where the role does not feature on the Shortage Occupation List, the Resident Labour Market Test must, under current rules, be met by the sponsor. The list is expected to be revisited when the new immigration rules are put in place 1 January 2021. Note also that the RLMT is to be abolished under the new system.

As well as the role coming under one of the above SOC categories, to qualify for the new visa an applicant must also be employed or engaged either by an NHS body or trust, an NHS commissioned service provider, or instead one of several other medical and social care organisations listed in the guidance.

This could include, for example, someone who is employed or engaged by, or registered with one of the folllowing industry bodies:

General Chiropractic Council

General Dental Council

General Medical Council

General Optical Council

General Osteopathic Council

General Pharmaceutical Council

Health and Care Professions Council

Northern Ireland Social Care Council

Nursing and Midwifery Council

Pharmaceutical Society of Northern Ireland

Scottish Social Services Council

Social Care Wales

If you are not taking up a job role in one of the prescribed occupations for a designated organisation you will not be eligible for the new Health and Care visa, although it remains open to applicants who fall outside the new visa route to apply under the standard Tier 2 (General) arrangements.

That said, as the rules currently stand, many primary care workers will not be at a high enough skill level to qualify either under the new scheme or as a skilled worker. This is because the UK government is planning to increase the funding for social care in the UK with a focus on domestic recruitment instead.

What are the Health and Care visa requirements?

The Health and Care visa forms part of the Tier 2 (General) category for skilled workers. This means that you must still meet all the relevant criteria for a Tier 2 (General) migrant as follows:

Have a valid Certificate of Sponsorship (CoS) from a UK licensed sponsor

Have the offer of a qualifying job that meets the relevant salary threshold

Have sufficient personal savings so that you can support yourself on arrival in the UK

Have a good working knowledge of the English language

Be able to show that you can travel, as well as providing your travel history over the preceding 5 years

Have valid tuberculosis test results, if you are from a listed country

Be able to provide a criminal record certificate from any country where you have lived for 12 months or more within the last 10 years, if you will be working with vulnerable people as a healthcare professional.

As part of the Tier 2 (General) eligibility criteria, you will need to meet the salary requirement, which is to either over the minimum salary threshold or the appropriate rate for the job you have been offered, whichever is higher.

You must also evidence that you can financially support yourself by proving you have had £945 in your bank account for 90 days before you apply. This requirement is not necessary if you have a fully approved A-rated sponsor who can give you at least £945 to cover your costs for a month if you need it, although your UK sponsor must confirm this on your CoS.

Will I be told if I am eligible for a Health and Care visa?

As a prospective employee, your new employer will be responsible for informing you that you are eligible for the Health and Care visa. In this way, you will be able to correctly complete the visa application form. Your employer will also need to provide a brief explanation in the note field of the CoS setting out how you will meet the eligible visa role requirement in your new job.

If your UK sponsor is a private organisation that provides healthcare services commissioned by the NHS, an explanation, and possibly documentary evidence, as to the contractual arrangements with the NHS will also need to be provided as proof of your eligibility for a Health and Care visa.

How to apply for the Health and Care visa

To apply for the Health and Care visa you will first need to be issued with a CoS by your UK sponsor. This will contain a unique reference number. You will then need to apply using the normal Tier 2 (General) online application form.

Once you have completed all the relevant information, the next stage of the application process is to pay the appropriate fee. You will also need to provide various documents in support of your application.

On receipt of the application, the Home Office will assess the information and documents and you may be offered to either:

book a biometrics appointment if is not possible to reuse any biometrics supplied with a previous application, or

you will be advised how to enrol biometrics using an ID app.

Health and Care visa supporting documentation

As with any Tier 2 visa application, you will need to provide various documents in support including, where relevant, the following:

A statement or letter from your bank or building society showing you have enough personal savings, unless your CoS shows your A-rated sponsor can support you instead

Proof of your knowledge of English

A current, valid passport or travel document to prove you can travel

Any expired passports or travel documents to show your travel history

Your tuberculosis test results if you are from a listed country

A criminal record certificate.

Unless you are exempt, for example, because you are a national of a majority English-speaking country, to prove your knowledge of English you will usually need to show that you have passed an approved English language test with at least CEFR level B1 in reading, writing, speaking and listening, or have an academic qualification that was taught in English and is recognised by UK NARIC as being equivalent to a UK bachelor’s degree, master’s degree or PhD.

If you are applying as a doctor, dentist, nurse or midwife, you will be able to rely on the assessment of your professional body as proof of your language ability.

Can my partner or dependants join me in the UK?

When applying for a Health and Care visa, immediate family members will be eligible to accompany or join you in the UK on this route. This includes your spouse or partner, and any dependent children.

If you are already in the UK and would like your dependants to join you, your UK sponsor will need to provide written confirmation that your family member is eligible to do so based on your occupation. This should be in the form of a letter or email from the sponsor, setting out the organisation for which you work, and, if not an NHS body, how the organisation qualifies.

What are the Health and Care visa costs?

The Health and Care visa comes with a reduced visa application fee compared to that paid by other Tier 2 skilled workers.

The fees apply to applicants and dependents and are the same for leave to enter the UK or to remain in the UK, to those who qualify under this visa.

Health and Care visa applications made outside the UK Under 3 years and over 3 years £232 Shortage Occupation category under 3 years £232 Shortage Occupation category over 3 years £464

Health and Care visa applications made within the UK Under 3 years and over 3 years £232 Shortage Occupation category under 3 years £232 Shortage Occupation category over 3 years £464

The reduced visa fee also applies to dependants.

Applicant and dependants who are eligible to apply under this visa are exempt from having to pay the Immigration Health Surcharge.

The UK Government has said that health and care workers who would qualify the visa can still claim a refund if they paid after 31 March.

Frontline workers in the health and social care sector who are not eligible for the new Health and Care Visa will pay the Immigration Health Surcharge, but should benefit from a reimbursement scheme. This is in recognition of the contribution of those who have come to the UK to work during the recent pandemic.

What are the Health and Care visa processing times?

Upon receipt, your application for the Health and Care visa will be prioritised and fast-tracked by UK Visas and Immigration (UKVI).

As a result, the vast majority of healthcare professionals applying on this route can expect a decision on their application within 3 weeks from the date they have provide their biometric information. This is substantially quicker than the current timeframe for Tier 2 visa processing of between 8-20 weeks.

There will also be support available by way of a dedicated NHS support and visa processing team, enabling visa applicants and sponsors to contact UKVI’s specialist team if they have any issues with the application process or eligibility for the Health and Care visa.

Health and Care visa FAQs

Do health workers pay the healthcare surcharge?

The liability to pay the healthcare surcharge will depend on the immigration status being applied for and the intended length of stay. However, the UK government have introduced an exemption for health and care workers, who will now be permanently exempt from this charge or entitled to a reimbursement.

Which UK visa for health workers?

Under a new fast-track route, eligible healthcare workers will be able to apply for the Health and Care visa. This forms part of the Tier 2 (General) category for skilled workers, where qualified doctors, nurses and allied health professionals who have been trained to a recognised standard will be eligible to apply.

Are care workers eligible for the Health & Care visa?

Only migrants employed in prescribed occupations are eligible for the Health and Care visa. This means, as the rules currently stand, that many primary care workers will not be at a high enough skill level to qualify under the new scheme.

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Do you have a question about the Health and Care Visa?

DavidsonMorris have a specialist team dedicated to supporting applications for skilled workers under the Tier 2 visa route, including the Health and Care visa. We work with employers and employees to guide through the eligibility requirements and application process. For advice, please contact us.

Health and Care Visa (Application Guide) published first on https://ordergcmsnotescanada.tumblr.com/

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newstechreviews · 5 years ago

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An agreement between Saudi Arabia and Russia for record oil-production cuts was endangered late on Thursday as Mexico refused to participate in the curbs and left the meeting without approving the deal.

The impasse, which came after more than 9 hours of talks via video link, cast doubt over a global effort to revive the oil market from a debilitating coronavirus-induced slump. The OPEC+ group won’t cut output without Mexico’s participation and doesn’t intend to meet again on Friday, instead focusing on talks at the G-20 gathering also scheduled that day, according to a delegate.

Earlier on Thursday, OPEC+ had tentatively agreed to cut production by about 10 million barrels a day in May and June, delegates said, effectively ending a one-month oil price war. Saudi Arabia and Russia, the biggest producers in the group, would each take output down to about 8.5 million a day, with all members agreeing to cut supply by 23%, one delegate said.

Attention should have turned on Friday to the Group of 20 energy ministers meeting. A contribution from major producers including the U.S. and Canada — possibly as much as 5 million barrels a day of further supply reductions — could boost efforts to revive prices after the initial OPEC+ agreement failed to push crude higher on Thursday.

The dogged refusal of Mexico’s Energy Secretary Rocio Nahle Garcia to accept the production level proposed for her country as part of the deal upended that schedule. In a Twitter post shortly after leaving the meeting, she said her country is ready to reduce production by 100,000 barrels a day, far less than the 400,000 barrels a day proposed by the group, and also from a higher baseline.

Political Pressure

The unexpected setback doesn’t change the urgent need for the Organization of Petroleum Exporting Countries and its allies to reduce production. Oil’s spectacular price crash this year has threatened the stability of oil-dependent nations, forced major companies such as Exxon Mobil Corp. to rein in spending and risked the very existence of small independents.

“Mexico can and should join the international community in stabilizing the oil market,” said Aldo Flores Quiroga, the former Mexican deputy oil minister who negotiated OPEC+ deals from 2016 to 2018. “The production cut is both necessary and possible. It’s the responsible thing to do domestically and internationally.”

OPEC+ has been put under intense pressure by President Donald Trump — who spoke with the leaders of Russia and Saudi Arabia by phone on Thursday — and American lawmakers, who fear thousands of job losses in the U.S. shale patch.

“Both Saudi and Russia were going to have to cut anyway, and these cuts allow them to win political points too,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.

While the headline cut equates to a reduction of about 10% of global supply, it makes up just a fraction of the demand loss, which some traders estimate at as much as 35 million barrels a day.

Brent dropped 4.1% to $31.48 a barrel in London. Prices have tumbled by half this year as the spread of the coronavirus coincided with a bitter price war that saw producers flood the market.

“Covid-19 is an unseen beast that seems to be impacting everything in its path,” Mohammad Barkindo, secretary-general of the Organization of Petroleum Exporting Countries, said in a speech at the online gathering. “The supply and demand fundamentals are horrifying” and the expected oversupply, particularly in the second quarter, is “beyond anything we have seen before,” he said.

Barkindo urged action to tackle the growing surplus, which he estimated at 14.7 million barrels a day in the second quarter. And he wants action not only from OPEC+ producers but from nations beyond the alliance.

Russia has insisted that the U.S. in particular do more than just let market forces reduce its record production. Trump, meanwhile, has said America’s cut will happen “automatically” as low prices put shale in dire straits, a sentiment reiterated by his energy secretary on Thursday.

America welcomed the proposed OPEC+ cuts, saying they would send a signal that all major oil-producing countries will respond in an orderly manner to market realities caused by the virus, a senior administration official said.

Tapering Off

OPEC+’s tentative plan would see the output curbs tapering off after two months, depending on the evolution of the coronavirus. The 10 million-barrel-a-day cut may shrink to 8 million a day from July and then 6 million a day from January 2021 to April 2022, according to a delegate.

Saudi Arabia will apply its reduction to a production level of about 11 million barrels a day, a delegate said. That’s lower than recent output levels, which rose above 12 million a day in early April. Russia would curb its supply by a similar level.

The oil price war, which started in March after the collapse of previous OPEC+ talks, lasted exactly 31 days, far fewer than similar feuds in 1986, 1998 and 2016. But in that short period, it has forced companies from Big Oil giants to U.S. shale independents to slash spending, fire workers and cancel projects. Meanwhile, oil-rich countries have gone cap-in-hand to the International Monetary Fund and the World Bank for help, hobbled by low prices.

The curbs agreed on Thursday dwarf any previous market interventions, and are urgently needed to boost the physical market for crude — trade in actual cargoes rather than futures contracts — but they won’t match losses from the deep slump in consumption.

“For oil markets, the massive oil-demand contraction is unprecedented,” OPEC said in an internal document circulated to ministers and seen by Bloomberg. “The current outlook looks extremely bleak, with oil markets anticipated to be severely tested on many fronts.”

–With assistance from Natalia Kniazhevich, Golnar Motevalli, Dina Khrennikova, Dan Murtaugh, Alexander Kwiatkowski, Ramsey Al-Rikabi and Amy Stillman.

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phooll123 · 5 years ago

Text

New top story from Time: Deal to Save Oil Market From Coronavirus Falters After Mexico Refuses Agree to Big Production Cuts

Political Pressure

“Both Saudi and Russia were going to have to cut anyway, and these cuts allow them to win political points too,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.

While the headline cut equates to a reduction of about 10% of global supply, it makes up just a fraction of the demand loss, which some traders estimate at as much as 35 million barrels a day.

Brent dropped 4.1% to $31.48 a barrel in London. Prices have tumbled by half this year as the spread of the coronavirus coincided with a bitter price war that saw producers flood the market.

Tapering Off

–With assistance from Natalia Kniazhevich, Golnar Motevalli, Dina Khrennikova, Dan Murtaugh, Alexander Kwiatkowski, Ramsey Al-Rikabi and Amy Stillman.

via Blogger https://ift.tt/34o3WkS

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itsfinancethings · 5 years ago

Link

Political Pressure

“Both Saudi and Russia were going to have to cut anyway, and these cuts allow them to win political points too,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd.

While the headline cut equates to a reduction of about 10% of global supply, it makes up just a fraction of the demand loss, which some traders estimate at as much as 35 million barrels a day.

Brent dropped 4.1% to $31.48 a barrel in London. Prices have tumbled by half this year as the spread of the coronavirus coincided with a bitter price war that saw producers flood the market.

Tapering Off

–With assistance from Natalia Kniazhevich, Golnar Motevalli, Dina Khrennikova, Dan Murtaugh, Alexander Kwiatkowski, Ramsey Al-Rikabi and Amy Stillman.

#IFTTT #Blogger

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rcptec-blog · 7 years ago

Text

youtube

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